USTC/USDT Analysis:
Price is currently trading at $0.02443, showing a 9.21% increase in the last 24 hours. The 24h high reached $0.02560, while the low was $0.02133. The chart shows a significant upward spike, suggesting strong buying interest.
Support and Resistance:
Resistance: The price faced resistance near $0.02560. If this level is broken, we could see a further rise towards $0.026 or higher.
Support: The support is located at $0.02133, which served as a key bounce level. A break below this could push prices lower towards $0.021.
Entry Strategy:
Long Entry: Consider entering above $0.02560 on confirmation of breakout, targeting higher levels with a stop-loss below $0.024.
Short Entry: If the price fails to break resistance, a short position could be considered near $0.025 with a target back to $0.022 and a stop-loss above $0.0256.
Stay cautious of volatility as volume remains high with 1.24B USTC traded in 24h.
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